The9 Implementated the Framework Agreement to Purchase the Second Batch of WhatsMiner Bitcoin Mining Machines, Increasing the Hash Rate by 40PH/S
The9 Limited (Nasdaq: NCTY) announced the signing of a second purchase agreement with Shenzhen MicroBT Electronics for 482 WhatsMiner M31S+ machines. This deal follows a strategic framework agreement made in February, aiming for a total acquisition of 5,000 mining machines within one year. Each machine operates at a hash rate of approximately 80-86TH/s, leading to an overall increase of around 40 PH/s in The9's Bitcoin hash rate. This expansion highlights The9's commitment to enhancing its capabilities in the cryptocurrency mining sector.
- Acquisition of 482 WhatsMiner M31S+ machines increases Bitcoin hash rate by approximately 40 PH/s.
- Total planned purchase of 5,000 mining machines demonstrates strong growth strategy.
- None.
SHANGHAI, March 22, 2021 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that its wholly owned subsidiary NiuLian Technology (ShaoXing) Co., Ltd. has signed the second purchase agreement with Shenzhen MicroBT Electronics Technology Co., Ltd. ("MicroBT"), the manufacturer of WhatsMiner bitcoin mining machines, under the framework agreement previously signed. This second batch of purchase consists of 482 WhatsMiner M31S+ machines.
The hash rate of each of these WhatsMiner M31S+ machines is approximately 80-86TH/s, with the power consumption of approximately 38-42W/T. These WhatsMiner M31S+ machines had been delivered and The9's Bitcoin hash rate will be increased by approximately 40 PH/s.
The9 and MicroBT signed a strategic cooperation framework agreement in February this year. The9 will purchase a total of 5,000 WhatsMiner bitcoin mining machines from MicroBT within one year. This second batch of WhatsMiner bitcoin mining machines further increased The9's Bitcoin hash rate.
About The9 Limited
The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.
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SOURCE The9 Limited
